CYBERSHEATH BLOG

If you were a bank robber, you would target the largest bank around in order to secure the biggest prize possible in exchange for the risk associated with committing the crime, right? The same is true for cyber criminals. They specifically target organizations within industries that provide the most return for their crime. These unseen criminals, though they are not stealing physical cash, are stealing your personal information that can grant them access to more than just what is in your bank account. The prime targeted industries are those that house customer information in some form or another, examples would be banks, healthcare providers, and retailers, among others. Thankfully, our everyday institutions are fortifying their security against these cyber thieves by employing software solutions such as RSA Archer to aid in the prevention of theft of customer data and fraud from ever occurring in the first place by tracking threat behavior and analyzing patterns of risk.

Wouldn’t it be great if there were an “easy” button for developing your organization’s governance, risk, and compliance departments? There are several aspects to consider when building out each sector, such as, what kind of control assessments should we have and how often? What kind of approval chain should our policy documents be following? How should we conduct our business impact analyses? Where should we house our asset inventory? How do we tie all of these aspects together? Why is GRC even important?